Report Overview

Asia Pacific Edible Asparagus Market - Industry Trends & Forecast Report, 2029

Asia Pacific Edible Asparagus Market size was estimated to be worth USD 98.87 million in 2022. During the forecast period between 2023 and 2029, the Asia Pacific Edible Asparagus Market size is projected to grow at a CAGR of 5.17%, reaching a value of USD 133.81 million by 2029. Major growth factors for the Asia Pacific Edible Asparagus Market include growing health consciousness among consumers along with the rising availability of edible asparagus in convenient forms, such as frozen and canned packages. Furthermore, a significant consumer shift toward organic produce, which eliminates the use of any kind of artificial enhancer, is likely to drive the Asia Pacific Edible Asparagus Market during the forecast period.

Edible Asparagus – Overview

Asparagus is a spring vegetable that is produced by a kind of blooming perennial plant. It was once a member of the lily family, along with onions, garlic, and other closely related Allium species. Asparagus is high in folic acid, vitamins A, C, and minerals. This fiber vegetable may help decrease blood pressure and maintain a healthy stomach. In "irrigation therapy," asparagus is taken in combination with plenty of water to enhance urine production. Urinary tract infections and other painful and swollen urinary tract diseases are also treated with it.

Asia Pacific Edible Asparagus Market

Growth Drivers

Increasing Health Consciousness and Demand for Healthy Food

With the rising prevalence of various chronic and lifestyle diseases, the Asia Pacific Edible Asparagus Market is witnessing a significant shift towards healthy eating habits. As a result, organic fruits and vegetables with high nutrient content are on the rise, which is directly influencing the demand for asparagus in the Asia Pacific region. It has several health benefits, including folate, vitamin C, potassium, inulin (called a "prebiotic" and known to help with digestion), antioxidant and anti-inflammatory qualities, and maybe even anti-cancer effects. In addition to its culinary application, asparagus has been used medicinally as a laxative and as a wash to cure acne.

Restraints

High Price and Perishable Nature of Asparagus

As many Asia Pacific nations do not naturally grow edible asparagus, it must be imported through processing, which has a direct impact on the price. Moreover, because asparagus is perishable, fresh asparagus may be hard to come by in some Asian markets. Most edible asparagus found in Asian supermarkets and hypermarkets is frozen, which has a detrimental effect on the market's expansion. This is because Asian customers typically view canned and frozen food as unhealthy.

Impact of Escalating Geopolitical Tensions on Asia Pacific Edible Asparagus Market

The raging war between Israel and Palestine sends shockwaves across various industries, particularly in the Middle Eastern countries, transcending geographic boundaries and affecting businesses globally. The conflict between Israel and Palestine has been a longstanding, deeply entrenched geopolitical issue. On October 07, 2023, Hamas, a Palestinian military organization, in a surprise and heavy attack, struck Israel with thousands of rockets and infiltrations. In response, the prime minister of Israel declared war against Hamas and anticipated that the war would be ‘long and difficult.’ As of November 22, 2023, it was estimated that more than 14,500 people had been killed in Gaza since October 07.

The war directly impacted the trade of asparagus in the region, negatively affecting the Asia Pacific Edible Asparagus Market growth. Asparagus is considered a delicacy in both Palestinian and Israeli cultures. However, asparagus, being a non-native in both countries, needs to be imported to meet domestic consumption. With the war still raging at its peak, establishing a seamless trade route for asparagus from top exporting countries, including China, proved to be difficult.

Asia Pacific Edible Asparagus Market

Segmental Coverage

Asia Pacific Edible Asparagus Market – By Type

Based on type, the Asia Pacific Edible Asparagus Market is segmented into fresh and frozen. The frozen asparagus segment holds a larger share of the Asia Pacific Edible Asparagus Market, as asparagus is native to the western coasts of Europe and, therefore is mainly imported into Asian and Pacific countries. China is among the leading producers of edible asparagus and exports around 90% of its white asparagus production in processed (canned/jarred) form. Other leading exporting countries of asparagus are Mexico, Peru, and the United States. As a result, the frozen segment is dominant since it must be imported to meet domestic demand.

Asia Pacific Edible Asparagus Market – By Application

Based on application, the Asia Pacific Edible Asparagus Market is split into food and other segments. The food segment accounts for a higher market share owing to the prevalent health benefits of asparagus consumption and rising health consciousness among consumers. Asparagus is rich in antioxidants and folic acid and contains vitamins E and K. It is also recommended to people to achieve improved digestive health and reduce the risk of health disease, which is emerging as a major driving factor for the rising consumption of asparagus as a staple vegetable in the Asia Pacific.

Asia Pacific Edible Asparagus Market – By Distribution Channel

Based on the distribution channel, the Asia Pacific Edible Asparagus Market is segmented into supermarkets & hypermarkets, e-commerce platforms, departmental stores, specialty shops, and others. The supermarkets & hypermarkets segment holds the largest share of the Asia Pacific Edible Asparagus Market. Local grocery stores offer the convenience of real-time accessibility to fresh and high-quality vegetables. However, e-commerce platforms are anticipated to register a high growth rate during the forecast period, with increasing launches of online grocery stores, such as Alibaba, BigBasket, and Amazon Fresh.

Asia Pacific Edible Asparagus Market – By Country

The Asia Pacific Edible Asparagus Market covers a number of country-specific markets, including China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and rest of APAC. China accounts for the highest market share owing to the high production of asparagus in the country. According to FreshPlaza, China produces more than 900,000 tons of fresh asparagus annually on average, accounting for 46% of the world's total production. Data by the United States Department of Agriculture also reveals that during the peak season, Shanghai has the largest per capita consumption of fresh asparagus, reaching up to 100-150/MT per day.

Competitive Landscape

Major players operating in the Asia Pacific Edible Asparagus Market include Aozora Asparagus, Beidahuang Asparagus Group, China Asparagus Corporation, Dezhou Asparagus Group, Fengxian Asparagus, Guangdong Asparagus Co., Ltd, Heilongjiang Asparagus Group, Jiangsu Asparagus Group, Shandong Asparagus Group, and Xinjiang Asparagus Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Type

• Fresh

• Frozen

By Application

• Food

• Others

By Distribution Channel

• Supermarkets & Hypermarkets

• E-commerce Platforms

• Departmental Stores

• Specialty Shops

• Others

By Country

• China

• India

• Japan

• South Korea

• Australia & New Zealand

• Indonesia

• Malaysia

• Singapore

• Vietnam

• Rest of APAC

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Asia Pacific Edible Asparagus Market Insights
   1. Technology Value Chain Analysis
   2. DROC Analysis

3.2.1. Growth Drivers

1. 1. 1. 1. Growing demand for healthy foods
         2. Rising disposable incomes
         3. Increasing urbanization

3.2.2. Restraints

1. 1. 1. 1. High price
         2. Perishable nature of Asparagus

3.2.3. Opportunities

1. 1. 1. 1. Product innovation
         2. Expanding into new markets in Southeast Asia

3.2.4. Challenges

1. 2. 1. 1. Infrastructure challenges
         2. Food safety concerns
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis

3.5.1. Bargaining Power of Suppliers

3.5.2. Bargaining Power of Buyers

3.5.3. Threat of New Entrants

3.5.4. Threat of Substitutes

3.5.5. Intensity of Rivalry

4. Asia Pacific Edible Asparagus Market Overview
   1. Market Size & Forecast by Value, 2019–2029

4.1.1. By Value (USD Million)

1. 2. Market Share & Forecast

4.2.1. By Type

1. 1. 1. 1. Fresh
         2. Frozen

4.2.2. By Application

1. 1. 1. 1. Food
         2. Others

4.2.3. By Distribution Channel

1. 1. 1. 1. Supermarkets & Hypermarkets
         2. E-commerce Platforms
         3. Departmental Stores
         4. Specialty Shops
         5. Others

4.2.4. By Country

4. 1. 1. 1. China
         2. India
         3. Japan
         4. South Korea
         5. Australia & New Zealand
         6. Indonesia
         7. Malaysia
         8. Singapore
         9. Vietnam
         10. Rest of APAC
5. China Edible Asparagus Market Overview
   1. Market Size & Forecast by Value, 2019–2029

5.1.1. By Value (USD Million)

1. 2. Market Share & Forecast

5.2.1. By Type

5.2.2. By Application

5.2.3. By Distribution Channel

6. India Edible Asparagus Market Overview
   1. Market Size & Forecast by Value, 2019–2029

6.1.1. By Value (USD Million)

1. 2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Distribution Channel

7. Japan Edible Asparagus Market Overview
   1. Market Size & Forecast by Value, 2019–2029

7.1.1. By Value (USD Million)

1. 2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Distribution Channel

8. South Korea Edible Asparagus Market Overview
   1. Market Size & Forecast by Value, 2019–2029

8.1.1. By Value (USD Million)

1. 2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Distribution Channel

9. Australia & New Zealand Edible Asparagus Market Overview
   1. Market Size & Forecast by Value, 2019–2029

9.1.1. By Value (USD Million)

1. 2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Distribution Channel

10. Indonesia Edible Asparagus Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By Distribution Channel
11. Malaysia Edible Asparagus Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By Distribution Channel
12. Singapore Edible Asparagus Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By Distribution Channel
13. Vietnam Edible Asparagus Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By Distribution Channel
14. Rest of Asia Pacific Edible Asparagus Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By Distribution Channel
15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Edible Asparagus Company Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
16. Impact of Covid-19 on Asia Pacific Edible Asparagus Market
17. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Aozora Asparagus
    2. Beidahuang Asparagus Group
    3. China Asparagus Corporation
    4. Dezhou Asparagus Group
    5. Fengxian Asparagus
    6. Guangdong Asparagus Co., Ltd
    7. Heilongjiang Asparagus Group
    8. Jiangsu Asparagus Group
    9. Shandong Asparagus Group
    10. Xinjiang Asparagus Group
    11. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Country
    5. Assumption & Limitation

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1 Asia Pacific Edible Asparagus Market Segmentation

Figure 2 Asia Pacific Edible Asparagus Value Chain Analysis

Figure 3 Company Market Share Analysis, 2022

Figure 4 Asia Pacific Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 5 Asia Pacific Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 7 Asia Pacific Edible Asparagus Share, By Application, By Value, 2019–2029

Figure 8 Asia Pacific Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 9 Asia Pacific Edible Asparagus Market Share, By Country, By Value, 2019–2029

Figure 10 China Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 11 China Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 12 China Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 13 China Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 14 India Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 15 India Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 16 India Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 17 India Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 18 Japan Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 19 Japan Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 20 Japan Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 21 Japan Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 22 South Korea Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 23 South Korea Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 24 South Korea Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 25 South Korea Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 26 Australia & New Zealand Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 27 Australia & New Zealand Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 28 Australia & New Zealand Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 29 Australia & New Zealand Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 30 Indonesia Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 31 Indonesia Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 32 Indonesia Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 33 Indonesia Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 34 Malaysia Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 35 Malaysia Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 36 Malaysia Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 37 Malaysia Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 38 Singapore Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 39 Singapore Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 40 Singapore Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 41 Singapore Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 42 Philippines Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 43 Philippines Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 44 Philippines Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 45 Philippines Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 46 Vietnam Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 47 Vietnam Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 48 Vietnam Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 49 Vietnam Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

Figure 50 Rest of Asia Pacific Edible Asparagus Market Size, By Value (USD Million), 2019–2029

Figure 51 Rest of Asia Pacific Edible Asparagus Market Share, By Type, By Value, 2019–2029

Figure 52 Rest of Asia Pacific Edible Asparagus Market Share, By Application, By Value, 2019–2029

Figure 53 Rest of Asia Pacific Edible Asparagus Market Share, By Distribution Channel, By Value, 2019–2029

List of Tables

Table 1 Asia Pacific Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 2 Asia Pacific Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 3 Asia Pacific Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 4 Asia Pacific Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 5 Asia Pacific Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 6 Asia Pacific Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 7 Asia Pacific Edible Asparagus Market Size, By Country, By Value, 2019–2029

Table 8 China Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 9 China Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 10 China Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 11 India Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 12 India Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 13 India Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 14 Japan Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 15 Japan Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 16 Japan Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 17 South Korea Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 18 South Korea Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 19 South Korea Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 20 Australia & New Zealand Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 21 Australia & New Zealand Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 22 Australia & New Zealand Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 23 Indonesia Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 24 Indonesia Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 25 Indonesia Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 26 Malaysia Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 27 Malaysia Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 28 Malaysia Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 29 Singapore Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 30 Singapore Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 31 Singapore Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 32 Philippines Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 33 Philippines Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 34 Philippines Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 35 Vietnam Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 36 Vietnam Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 37 Vietnam Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 38 Rest of Asia Pacific Edible Asparagus Market Size, By Type, By Value, 2019–2029

Table 39 Rest of Asia Pacific Edible Asparagus Market Size, By Application, By Value, 2019–2029

Table 40 Rest of Asia Pacific Edible Asparagus Market Size, By Distribution Channel, By Value, 2019–2029

Table 41       Aozora Asparagus Company Overview

Table 42       Aozora Asparagus Financial Overview

Table 43       Beidahuang Asparagus Group Company Overview

Table 44       Beidahuang Asparagus Group Financial Overview

Table 45       China Asparagus Corporation Company Overview

Table 46       China Asparagus Corporation Financial Overview

Table 47       Dezhou Asparagus Group Company Overview

Table 48       Dezhou Asparagus Group Financial Overview

Table 49       Fengxian Asparagus Company Overview

Table 50       Fengxian Asparagus Financial Overview

Table 51       Guangdong Asparagus Co., Ltd Company Overview

Table 52       Guangdong Asparagus Co., Ltd Financial Overview

Table 53       Heilongjiang Asparagus Group Company Overview

Table 54       Heilongjiang Asparagus Group Financial Overview

Table 55       Jiangsu Asparagus Group Company Overview

Table 56       Jiangsu Asparagus Group Financial Overview

Table 57       Shandong Asparagus Group Company Overview

Table 58       Shandong Asparagus Group Financial Overview

Table 59       Xinjiang Asparagus Group Company Overview

Table 60       Xinjiang Asparagus Group Financial Overview

Table 61       Other Prominent Players Company Overview

Table 62       Other Prominent Players Financial Overview